Nanya Technology and Inotera Memories are expected to receive new financing of up to NT$10 billion (US$341.5 million) each, which will help stabilize their financial operations.

Nanya will also strengthen its cooperation with Micron Technology, while switching its focus to niche market ICs, the sources added.

Backed by the Formosa Group, Inotera is expected to sign a syndicated loan of up to NT$10 billion with a banking consortium by the end of October, said the sources, who added that the loan agreement was originally planned for the first half of 2012 but was delayed due to adverse market conditions.

Inotera is also expected to utilize the new funds to accelerate its development of 30nm processing, the sources added.

Inotera had cash and cash equivalents of NT$1.78 billion at the end of September, according to company data.

By: DocMemory
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